While some data of the previous accumulation is missing on this chart to provide some more meaningul data I think we are not far off from a price move soon for XRP\USD. In about two weeks time we will find out where this is going. For me this is looking on the up side, so it is a good time to accumulate.
Here is my analysis on the XRP vs USD price chart. You will see a lot of people talking about the ever expanding "wedge" breakouts that are showing bullish signals but in my opinion there is more downside to come before any new highs will be made.
As it stands, my final target for XRP short positions is $0.21 per coin. This is the weekly Fib -0.27 extension level...
. RIPPLE/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
. There is a possibility of...
looking at history we have to drop in to that zone on the top of the lower historical trend
one this is clear, we wont get a bull run this year, we may bot get a bull run for 18 months, but we might get an up and down sideways between 5 and 3
a drop to 2k is not out of the question soon, id be shocked but not surprised.
the volume is low.
if the S&P 500...
We can see a lovely resistance level that has been respected ( green line ) off this recent bounce we have seen a lovely bearish run today forcing price down to our support/resistance zone ( green box ) where we are expecting a lot of buying power to come into play and make a lovely bullish run.
The reasoning behind this was explained in our latest BTC post on...
I think the support level that price is currently sitting at is too strong to be broke, price is also at a trend line it has been using as resistance for a while, with these 2 factors I can see price breaking the trend line and moving up to our TP zone ( green box ) this is providing we can break recent daily highs.
We ae long on XRP but we will be keeping a...
By entering this XRP long trade at this particular level we have a 2:1 Risk to Reward and the stop loss is set to the previous support region which corresponds with the 61.8% level, I'm think aloud with this trade and only a little analysis has been done.
Xrp is at a major decision point at this point, there is a major support line established from 2017. I believe this will break down in weeks. The blue line here is the open shorts on bitfinex. As the bear market continues, we can see the shorts interest is growing through time. There are certain times, whale will do the short squeeze to bring the price up, xrp...
XRPUSD | W1 | BULLISH
The market is currently at an important key level,
Ripple is one of our favourite coins due to it’s practicality; it’s functionality and appliance to today’s society with implementation in financial institutions – catalysing, and offering a more efficient network to transact money.
At the same time this is a very simple...
Looking at how price has been moving I feel that we could see price push back down towards the last zone at 0.34500 level before we see a potential break higher towards 0.44
There were a lot of sellers at the 0.4 level and since we have already seen a small bounce from 0.35 this area appears to hold some weakness. If there was strong buying sentiment at this...
As we see XRP head towards $0.30, we see the trend set, the MACD have crossed as well as the MA's. 20MA could see a retest before we reject then drop further. Closed below the $0.35 support yesterday and is looking very bearish.
Interesting corrective pattern spotted here..
Resistances less severe with every trend line, and once broken, seeing lower highs every time and lower lows.
Every time the resistance trend line is broken, the price increases by a minimum of 120%.
Clear support levels at $0.25 and $0.15. Will we see ripple re-enter the pre consolidation prices in this range,...